Ethereum Processes 203.9 Million Transactions in Q2 2026, Sets Network Activity Records
The quarterly transaction count represented an all-time high for the network, while average throughput also reached a record 25.9 transactions per second. The figures point to a sharp increase in transaction activity compared with Q2 2025.
Ethereum Transaction Activity Reaches Record Levels
Token Terminal reported that both Ethereum's transaction count and average throughput reached all-time highs during Q2 2026.
The network handled 203.9 million transactions over the quarter, up 68.4% from Q2 2025. Average throughput reached 25.9 transactions per second, also establishing a new record.
The increase in network activity came even as monthly active users declined 30% from the previous quarter. That divergence means the higher transaction volume occurred alongside a quarterly decline in monthly active users, based on the figures reported by Token Terminal.
Ethereum Fees Rise 31.6%
Ethereum generated $52.5 million in transaction fees during Q2 2026, representing a 31.6% increase from the previous quarter.
The higher fee generation coincided with a substantial increase in the amount of ETH removed from circulation through burning. ETH burn more than doubled during the same period, reaching $17.1 million.
According to the data shared by BSCN, about one-third of the network's transaction fees were permanently removed from the supply through the burn mechanism. The figures provide a direct comparison between the fees generated by Ethereum activity and the portion of those fees that was permanently removed from supply.
Token Holder Addresses Increase
The number of addresses held by token holders also increased compared with the same period in 2025.
Token Terminal reported that token holders averaged 312.1 million addresses during the quarter. That represented a 27.4% increase from the same period last year.
The address figure rose on a year-over-year basis even as monthly active users fell 30% on a quarterly basis, leaving the two measures moving in different directions during Q2 2026.
The latest quarterly figures therefore show record transaction activity and throughput alongside higher fee generation, increased ETH burning and year-over-year growth in token holder addresses.
writer: Ethan Collins
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.
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